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Fred Pennic, Editor-in Chief | HIT Consultant

Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant.

Health Union Acquires Patient Advocate Network WEGO Health – M&A

by Fred Pennic 06/18/2021 Leave a Comment

Health Union Acquires Patient Advocate Network WEGO Health – M&A

What You Should Know: -  Health Union, the leader in building online health solutions for people living with chronic conditions, announced that it has acquired WEGO Health, the world's largest network of patient leaders - advocates, community leaders, creators and influencers. Financial details of the acquisition were not disclosed. - Founded in 2007, WEGO Health connects the healthcare industry with the experience, skills and insights of patient leaders across virtually all health
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Jonathan Bush’s Second Venture Zus Health Launches with $34M for Health Data Interoperability Platform

by Fred Pennic 06/17/2021 Leave a Comment

Jonathan Bush's Second Venture Zus Health Launches with $34M for Health Data Interoperability Platform

What You Should Know:    - Former athenahealth founder and CEO Jonathan Bush, today announced the launch of Zus Health (“Zus” pronounced Zoos like the father of Athena) focused on creating the industry’s first shared development platform backed by a shared data record. - The company is launching with the close of $34M in Series A funding led by Andreessen Horowitz (a16z), F-Prime Capital, Maverick Ventures, Rock Health, Martin Ventures and Oxeon Investments also participated in
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Form Health Raises $12M to Expand Obesity Telemedicine Platform

by Fred Pennic 06/17/2021 Leave a Comment

Form Health Raises $12M to Expand Obesity Telemedicine Platform

What You Should Know: - Form Health, a pioneer in the emerging field of obesity telemedicine, announced $12M in Series A funding led by M13 with participation from SignalFire and NextView Ventures.  - Form Health is specifically aiming to help chronically ill patients with obesity with a science-backed, personalized program combining virtual care from board certified physicians with FDA-approved medications. By accepting most insurance and offering its services
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Brightline Secures $72M to Expand Pediatric Behavioral Health Solution Nationally

by Fred Pennic 06/16/2021 Leave a Comment

Brightline Secures $72M to Expand Pediatric Behavioral Health Solution Nationally

What You Should Know: - Brightline, a virtual pediatric behavioral health solution announces, today announced it has raised $72M in Series B funding led by GV (formerly Google Ventures), with participation from new investors Optum Ventures, 7wireVentures, and Gaingels, the leading venture investment syndicate in support of diversity and representing the LGBTQ community and allies. Debra Lee, Chairman and CEO Emeritus, BET Networks, also contributed to the round as an independent
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MAP Health Management Acquires Behavioral Health Provider CARMAhealth – M&A

by Fred Pennic 06/16/2021 Leave a Comment

MAP Health Management Acquires Behavioral Health Provider CARMAhealth – M&A

What You Should Know: -  MAP Health Management, LLC., a provider of virtual peer support services announced the acquisition of CARMAhealth (CARMA), a primary care and behavioral health management service organization to expand its capabilities to virtual and in-person primary medical and behavioral healthcare. - The acquisition will enable MAP to leverage its peer-led support capabilities to facilitate an integrated continuum of medical services that include primary medicine,
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Sempre Health Secures $15M for Behavior-Based Healthcare Pricing Platform

by Fred Pennic 06/15/2021 Leave a Comment

Sempre Health Raises $8M for Behavior-based Healthcare Pricing Platform

What You Should Know: - Sempre Health, a behavior-based healthcare pricing platform to insurers to offer large prescription copay discounts to members for filling on time (to promote more medication adherence) today announced it has raised $15M in Series B funding led by Blue Venture Fund. Sempre has raised $26.5 million to date. - Sempre Health works with leading health plans and pharmaceutical companies to reduce out-of-pocket costs for patients who refill their prescriptions on
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ZS Acquires Digital Health Consulting Firm Medullan – M&A

by Fred Pennic 06/15/2021 Leave a Comment

ZS Acquires Digital Health Consulting Firm Medullan – M&A

What You Should Know: - Evanston-based global consulting firm ZS today who signed an agreement to acquire Medullan, an innovator in digital health strategy, experience design, technology enablement, compliance and research. Through the acquisition, ZS also gains Medullan’s pioneering virtual care platform, VARA™. Financial details of the acquisition were not disclosed. - The deal brings together two established leaders in professional services for the life sciences
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Doximity’s Medical Social Network Launches Announces IPO at $4B Valuation

by Fred Pennic 06/15/2021 Leave a Comment

Social Network for Medical Professionals Doximity Launches IPO

What You Should Know: -  Doximity, a leading digital platform for U.S. medical professionals announced its initial public offering (IPO) of 23,300,000 shares of its Class A common stock.  - The initial public offering price is expected to be between $20.00 and $23.00 per share. Doximity's Class A common stock is expected to trade on the New York Stock Exchange under the symbol "DOCS." - Founded in 2010, Doximity is the leading digital platform for U.S.
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Lyra Health Completes $200M at $4.6B Valuation for Digital Mental Health Platform

by Fred Pennic 06/14/2021 Leave a Comment

Lyra Raises Massive $187M at $2.3B Valuation for Digital Mental Health Platform

What You Should Know: - Lyra Health, a provider of comprehensive mental health care benefits for employers, today announced it has completed a $200M financing led by Coatue and joined by new investor Sands Capital, along with existing investors. - Lyra plans to accelerate its delivery of evidence-based mental health benefits for companies with employees located around the world. Smarter Mental Health Benefits, Better Outcomes Accessing and receiving mental healthcare is
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Innovaccer Unveils Health Plan Analytics Tool to Give a Comprehensive View of Over 700 Medicare Advantage Plans

by Fred Pennic 06/11/2021 Leave a Comment

Innovaccer Unveils Health Plan Analytics Tool to Give a Comprehensive View of Over 700 Medicare Advantage Plans

What You Should Know:  -Innovaccer Inc., a leading healthcare technology company, recently launched its Health Plan Analytics tool, which provides a comprehensive view of health plan performance across the country.  -With this tool, payers can identify the quality parameters where they lag and determine the performance threshold to attain satisfactory ratings and enrollment. In addition, the tool generates state-by-state market insights to develop strategies to increase
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